BNP Paribas Arbitrage SA boosted its stake in New Senior Investment Group Inc. (NYSE:SNR) by 29.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,339 shares of the real estate investment trust’s stock after purchasing an additional 9,004 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in New Senior Investment Group were worth $395,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Legal & General Group Plc lifted its stake in New Senior Investment Group by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 192,756 shares of the real estate investment trust’s stock worth $1,937,000 after purchasing an additional 3,702 shares in the last quarter. BTC Capital Management Inc. lifted its stake in New Senior Investment Group by 10.0% in the 2nd quarter. BTC Capital Management Inc. now owns 11,404 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 1,039 shares in the last quarter. Global X Management Co. LLC lifted its stake in New Senior Investment Group by 4.8% in the 2nd quarter. Global X Management Co. LLC now owns 877,810 shares of the real estate investment trust’s stock worth $8,822,000 after purchasing an additional 40,271 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in New Senior Investment Group in the 2nd quarter worth $631,000. Finally, Forsta AP Fonden purchased a new stake in New Senior Investment Group in the 2nd quarter worth $662,000. Institutional investors and hedge funds own 64.29% of the company’s stock.

New Senior Investment Group Inc. (NYSE:SNR) opened at 9.30 on Friday. The company’s market capitalization is $763.98 million. New Senior Investment Group Inc. has a one year low of $8.82 and a one year high of $11.90. The company’s 50-day moving average is $9.41 and its 200 day moving average is $9.90.

New Senior Investment Group (NYSE:SNR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). New Senior Investment Group had a negative return on equity of 5.28% and a negative net margin of 6.41%. The firm had revenue of $114.29 million for the quarter, compared to analysts’ expectations of $114.70 million. During the same period last year, the firm earned $0.32 earnings per share. On average, equities analysts anticipate that New Senior Investment Group Inc. will post ($0.64) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date is Thursday, September 7th. New Senior Investment Group’s dividend payout ratio (DPR) is presently -288.88%.

SNR has been the topic of a number of research reports. Zacks Investment Research downgraded shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating and issued a $10.00 target price on shares of New Senior Investment Group in a report on Friday, July 14th. BidaskClub downgraded shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Compass Point downgraded shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $13.00 to $10.00 in a report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.50.

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About New Senior Investment Group

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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